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JEFFERSON-PILOT DISPUTES SHAREHOLDER STATEMENT

 JEFFERSON-PILOT DISPUTES SHAREHOLDER STATEMENT
 GREENSBORO, N.C., Aug. 14 /PRNewswire/ -- Jefferson-Pilot


Corporation (NYSE: JP) strongly denied the statement issued by dissident shareholder Louise Price Parsons and the Jefferson-Pilot Shareholders Committee contending that the ratification proposal submitted to the company's shareholders at its May 4, 1992, annual meeting had not been approved.
 "Once again, Mrs. Parsons is ignoring the decision made by shareholders she claims to represent. It is impossible to understand how anyone can claim that a proposal that got over 17 million 'yes' votes and only 9 million 'no' votes failed to pass," said Jefferson- Pilot spokesman William H. Chenoweth.
 Jefferson-Pilot disputes Parsons' contention that the votes of Jefferson-Pilot officers and directors do not count, and disagrees with her interpretation of the applicable law. North Carolina law only requires a majority of the votes cast in order to approve a matter such as the ratification proposal. The company noted, however, that even if "interested director" votes were not counted, the ratification proposal still received the majority vote necessary for approval.
 "Mrs. Parsons continues to try to litigate these issues in the news media rather than in the courtroom. Her news release appears to be timed to generate negative publicity while Jefferson-Pilot's motions to dismiss are pending before the court," Chenoweth said.
 Jefferson-Pilot has moved to dismiss the two lawsuits Parsons has filed since May on the ground that they are legally baseless.
 -0- 8/14/92
 /CONTACT: William H. Chenoweth of Jefferson-Pilot, 919-691-3390/
 (JP) CO: Jefferson-Pilot Corporation ST: North Carolina IN: INS SU:


CK -- NY086 -- 0218 08/14/92 17:22 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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